Base Metals
D A I L Y B U Z Z
COPPER
Copper prices traded up by 0.05 per cent to Rs 427.35 per kg in futures trade today as speculators created fresh positions, driven by firming global trend.
At the Multi Commodity Exchange, copper for delivery in November edged up by 20 paise, or 0.05 per cent to Rs 427.35 per kg in business turnover of 1,122 lots.
Meanwhile, copper rose 0.2 per cent to USD 6,946.25 a metric tonne on the London Metal Exchange.
NICKEL
Nickel prices declined by 0.26 per cent to Rs 1,169.10 per kg in futures trade today as speculators indulged in booking profits at prevailing higher levels even as the metal strengthened overseas.
At the Multi Commodity Exchange, nickel for delivery in September fell by Rs 3.10, or 0.26 per cent, to Rs 1,169.10 per kg in business turnover of 1309 lots.
In a similar fashion, the metal for delivery in October contract shed Rs 3, or 0.25 per cent to Rs 1,175.20 per kg in 16 lots.
Globally, nickel for delivery in three months was up 0.2 per cent at $19,425 a metric tonne on the London Metal Exchange.
